by First Union Lending | Nov 15, 2021 | Business Finance
What exactly is accounts receivable financing? This type of commercial lending is a form of funding where you will receive a sum of money from a lender based upon a percentage of your accounts receivable. There are a few different ways this can be structured, with the...
by First Union Lending | Oct 29, 2021 | Business Finance
Applying for a business loan is a significant financial step for numerous small businesses. You might be looking to expand your office space. Perhaps you’re thinking about buying out a competitor. You could be looking to increase staff or launch a new product line....
by First Union Lending | Oct 25, 2021 | Business Finance, Small Business
Almost every small business will consider getting a business loan at one point or another. This could be for various reasons—everything from an expansion project to a new product launch to hiring more personnel to just needing additional capital to make it through a...
by First Union Lending | Oct 21, 2021 | Business Finance
When you apply for a business loan, depending on several factors, including the loan amount, credit history, and the lender, you might be asked to supply collateral to secure the loan. Collateral is just assets that you pledge toward the loan. So, let’s say you...
by First Union Lending | Oct 18, 2021 | Business Finance
Small business owners across the country usually will consider going for financing at one point or another. Maybe times are tough, and you need additional working capital. Perhaps you are considering expansion and need the funds to do so. Whatever the reason, whatever...
by First Union Lending | Oct 15, 2021 | Business Finance, SBA
In your company’s life cycle, odds are you will need additional money to help support expansion, a new project, or perhaps just more cash to weather a prolonged time. This is when small business financing will become a must for your company. And while working...
